June 10th, 2015

Big Shake-Up at Remington — Top Execs Leave Big Green

Remington Outdoor Company Kollitides Marcotuli CEO shakeup Executive retire

Remington Outdoor Company (“ROC”), is shaking up its leadership — starting at the top. Effective immediately, Jim (“Marco”) Marcotuli has been appointed President and Chief Executive Officer (CEO), replacing George Kollitides II, who served as Chairman and CEO. Board member James P. (“Jim”) Campbell has been appointed Vice Chairman of the Board. Mr. Marcotuli will also serve as interim Chairman of the Board. Additionally, ROC’s Chief Financial Officer Ron Kolka is retiring but will remain with the Company for the next 30 days. Also leaving ROC are former Directors Walter (“Wally”) McLallen and James J. Pike.

Jim Shepherd of the Shooting Wire says the shake-up at Remington stems, at least in part, from ROC’s recent struggles with product recalls and class actions: “Having spoken with several top execs in other gun companies, this latest move is being viewed as the company’s attempt to move past some stormy recent history. That, however, might be easier said than done as two significant class actions still loom on the horizon and the calamitous recall of Model 700 rifles [still eats] into cash flows. Shepherd also suggests that former Chairman and CEO Kollitides was eased out: “In most financial circles, that abrupt departure would be called ‘he got quit’.’

About the New CEO, Jim “Marco” Marcotuli
Mr. Marcotuli has 25 years of management and operations experience, most recently serving as President and CEO of North American Bus Industries (NABI), where he successfully boosted the company’s market share while significantly growing earnings and revenue. Prior to that position, Mr. Marcotuli held senior leadership roles at various companies, predominately in the aerospace and automotive industries. “Over the past nine months Marco has distinguished himself as a visionary operator and remarkably effective change agent who has driven measurable results across our organization,” said Rob McCanna, senior vice president of sales at ROC. Said Mr. Marcotuli: “I am honored to have the opportunity to help write the next chapter for our Company and to work with our entire team to deliver consistently superior quality and excellence across the enterprise.”

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August 18th, 2012

Scott Blackwell Takes Over as President of Freedom Group

Freedom GroupFreedom Group, Inc. (FGI), is the “1000-pound gorilla” in the gun industry, a holding company that owns/operates gun brands Remington, Bushmaster, Marlin, DPMS, H&R, and Dakota Arms. FGI also owns Barnes Bullets, Eotec Optics, and AAC Suppressors.

To help run this large enterprise, FGI recently promoted Scott Blackwell to the position of FGI President. Blackwell previously served as FGI’s Chief Sales & Marketing Officer. Blackwell has worked in the firearms industry for the last 15 years. After leaving Beretta, Blackwell started as President of Bushmaster Firearms in 2006, becoming Remington President of Sales and Marketing in 2007, rising to FGI Chief Sales Officer later that year, and finally becoming the FGI Chief Sales and Marketing Officer two years ago.

“Scott’s leadership, institutional knowledge and strategic thinking make [Blackwell] a natural fit as President,” said George Kollitides, Chairman and Chief Executive Officer of FGI. As FGI President, Blackwell will oversee all revenue, branding, marketing and communications for FGI.

Blackwell stated: “Since 2006, I’ve been fortunate to have a leading role in the development and expansion of FGI,” said Blackwell. “To become President of FGI, representing the tens of millions of hunters, shooters, gun owners and first responders who use our products every day, is a life’s dream. With a company history almost as old as the Republic itself, I understand the importance of not merely passing along our legacy, but improving it. We are more than a gun company; we are a defining part of American culture. This is our path forward, and as President of FGI I look forward to guiding us there.”

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March 14th, 2012

Freedom Group Appoints George Kollitides as New CEO

George K. Kollitides, IIGeorge Kollitides has been appointed acting Chief Executive Officer and Executive Chairman of the Board for Freedom Group, Inc. (FGI). Kollitides, a hunter, shooter and firearms enthusiast, sits on three NRA Committees, is a trustee of the NRA Foundation and is a director of the New York State Rifle & Pistol Association. He is a past director of the Safari Club International Connecticut Chapter. Kollitides was previously a managing director of Cerberus Capital Management, where he was the architect of FGI and its lead director. Kollitides stated, “I am ecstatic to join the FGI team, where we have the greatest employees and a 200-year history of 100% American-made [products].”

In an interview with John Zent, editorial director for NRA Publications, Kollitides was asked how the Freedom Group can support hunting, the shooting sports, and gun-owners’ rights. Kollitides answered: “Our job is to build the best products possible, provide good manufacturing jobs for Americans and represent our investors’ best interests. If our efforts succeed in growing our user groups, shooters, hunters, the military and law enforcement, they will have a much louder voice in public policy. The key for us is to strengthen our industry and strengthen our users, customers, and partners. Doing that by making relevant, quality product, along with education and access, we think, is the right way to go about it, and so we are working with state and local governments, not-for-profit hunting and shooting organizations, and, of course, the NRA.”

Freedom Group Companies

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